This seminar will present the important role that asset management companies (AMCs) play in the process of purchasing distressed assets from banks to assist with the restructuring process, and development and recovery of the financial sector. The adoption of relevant legislation for an AMC as well as the role of AMCs in acquisition and resolution will be examined. This will be contrasted to local practices with a case study on how NPAs are currently dealt with under existing legislation. The seminar will address methods for the valuation of non-performing assets (NPAs) acquired by AMCs and how to take into account the rights of third parties with respect to collateral. The various types of asset management will be studied to demonstrate how assets acquired by the AMC are realized and how to position the long-term sustainability of AMCs. The seminar will also enable participants to practice the NPAs resolution methods through simulation and exercise.
Learning Objectives